The words “economical” and “auto insurance” really don’t belong together, especially when you are trying to find the best car insurance for good drivers. To help control this cost, let’s familiarize you with a few of the factors that can significantly affect insurance rates, and see if you can lower the cost of the next policy you buy.
Determining which company quotes the best insurance rates for good drivers will require a little more sweat in order to find the lowest price.
Every car insurance company has their own guidelines for determining rates, so let’s examine the insurance companies with the most affordable rates in Cincinnati, OH.
Find Cheaper Car Insurance for Good Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Allied | $669 |
| 3 | Erie | $687 |
| 4 | Frankenmuth | $708 |
| 5 | Travelers | $733 |
| 6 | USAA | $741 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $755 |
| 9 | Motorists Mutual | $800 |
| 10 | Grange Mutual | $828 |
| 11 | General Casualty | $829 |
| 12 | Central Mutual | $848 |
| 13 | Hastings Mutual | $884 |
| 14 | State Farm | $885 |
| 15 | Westfield | $918 |
| 16 | Western Reserve | $932 |
| 17 | Atlantic States | $940 |
| 18 | Progressive | $953 |
| 19 | Auto-Owners | $988 |
| 20 | Nationwide | $998 |
| Find Your Rate Go | ||
Utica National generally has some of the most affordable car insurance rates in Cincinnati at around $654 annually. This is $386 less than the average policy premium paid by Ohio drivers of $1,040. Allied, Erie, Frankenmuth, and Travelers would also be considered some of the cheapest Cincinnati, OH car insurance companies.
As the example above demonstrates, if you are a customer of Frankenmuth and switched to Allied, you could earn savings of roughly $39. Ohio drivers with Travelers might save as much as $64 a year, and USAA insureds might reduce rates by $72 a year.
These premiums are averages for all insureds and vehicles and are not factoring in a specific vehicle garaging location for good drivers. So the insurer that has the cheapest price for you may not even be in the top 33 companies in the list above. That point stresses why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
The make and model of vehicle to be insured is one of the largest factors when looking for the most economical car insurance for good drivers. Vehicles with higher performance characteristics, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models. The list below ranks coverage prices for a number of the most affordable automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra SE Touring Station Wagon | $1,144 |
| Honda CR-V EX 2WD | $1,149 |
| Honda Civic DX 4-Dr Sedan | $1,221 |
| Dodge Grand Caravan Hero | $1,246 |
| Ford Escape Limited 4WD | $1,249 |
| Ford F-150 XLT Crew Cab 4WD | $1,271 |
| Toyota Prius | $1,279 |
| Dodge Ram Quad Cab SLT 4WD | $1,359 |
| Volkswagen Jetta S 4-Dr Sedan | $1,362 |
| Jeep Grand Cherokee Laredo 4WD | $1,367 |
| Ford Edge SEL AWD | $1,364 |
| Ford Explorer Limited 2WD | $1,392 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,399 |
| Toyota RAV4 4WD | $1,397 |
| Ford Focus SE 2-Dr Coupe | $1,399 |
| Start a Quote Go | |
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Information does not factor in specific Cincinnati, OH garaging location which can raise or lower premiums significantly.
By looking at the data, we can infer that makes and models like the Hyundai Elantra, Honda CR-V, Honda Civic, and Dodge Grand Caravan should be a few of the more affordable vehicles to insure for safe drivers.
Cincinnati insurance company ratings
Finding a good quality auto insurance company is difficult considering how many companies there are in Cincinnati. The ranking information listed below could help you decide which car insurance companies to look at shopping your coverage with.
The rankings below are only comprised of the largest companies in America, so smaller companies that only insure vehicles in Ohio are not factored into these rankings. If you wish to compare prices from these top insurers and more, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Liability-only versus full coverage
Finding cheaper insurance is probably important to most people, and one easy way to buy cheap insurance for good drivers is to not pay for full coverage. The diagram below shows the difference between insurance costs with full physical damage coverage and with liability coverage only. Data assumes no claims, a clean driving record, $100 deductibles, drivers are not married, and no policy discounts are applied.
Averaged out for all age groups, comp and collision coverage costs $1,782 per year over liability only. That is a significant amount which raises the question if buying full coverage is a good investment. There is no exact formula that is best for determining when to drop comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s replacement cost is $7,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,500 after paying the physical damage deductible. If you are paying more than $650 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where only buying liability is not advised. If you haven’t paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
The agents listed below can probably provide answers to your questions and help you determine which policy is best, as lots of drivers aren’t clear which coverage they need and would like to get some professional input when shopping for the best coverage for safe drivers. It’s not always easy to find the best rates on your own, and using a licensed agent can provide you comfort knowing your policy gives you adequate protection. To find a Cincinnati insurance agent in your neighborhood, click the button following the list.
- Rick Wertz – State Farm Insurance Agent
7736 Beechmont Ave – Cincinnati, OH 45255 – (513) 231-0100 - Dennis Howard – State Farm Insurance Agent
309 W Kemper Rd – Cincinnati, OH 45246 – (513) 771-1436 - Advantage Insurance Network LLC
4739 Delhi Ave – Cincinnati, OH 45238 – (513) 922-9460 - State Farm: Randy Wagner
1167 8 Mile Rd – Cincinnati, OH 45255 – (513) 474-4100
Find a Cincinnati, OH insurance agent near you
How to find more affordable insurance for good drivers
The list below details some thrifty ideas that can help you quote low-cost auto insurance.
- Violations like speeding or DUI increase rates
- Avoid having at-fault accidents
- Increase physical damage deductibles
- Avoid price increases by not filing claims
- Improve your credit
- Bundle home or renters insurance to earn a discount on car insurance
- Shop around for cheaper rates regularly
The last tip is notably crucial, as we stressed in this piece. Coverage prices fluctuate constantly, so don’t be unwilling to change to a new company if you can save money.
Many drivers have brand loyalty and that’s fine, but we do not recommend it if that inflexibility results in costing you a lot of money. Take a few minutes and shop around to find cheaper insurance for good drivers in Cincinnati.